Benefits

PLANS

VISION

Provided by AIG. This is an elective benefit paid 100% by the employee. Premiums for Vision: Employee Only: $10.88/Month; Employee-plus-partner: $19.06/month; Employee-plus-child(ren): $19.06/month; Family: $27.24/month pretax.

PRESCRIPTION DRUG PLAN

Provided by Anthem. Co-pay per 30-day prescription is $15/generic; $40/preferred; $60/brand; 30% of cost for injectable drug. Mail-order program is available for maintenance drugs at 2X co-pay for a 90-day prescription.**

FLEXIBLE SPENDING ACCOUNT

Pre-tax plan available for medical/dental premiums, unreimbursed medical expenses and daycare and/or transportation expenses. Employees are eligible from their date of regular full-time or part-time (minimum 20 hours/week) hire.

401(k) RETIREMENT PLAN

Immediate eligibility and immediate vesting of funds contributed after 1/1/2001, if working a minimum of 20 hours/week. Employee contribution up to 100% of earnings, up to the IRS maximum. PMS matches 100% up to 3% of earnings, 50% from 4-5% of earnings. Net PMS match is 4% with 5% employee contribution. Investments offered through Mass Mutual.

LIFE & A.D.D. INSURANCE

Equivalent to twice the annualized base salary at no cost to the employee up to a maximum of $200,000. Premiums paid 100% by PMS. **

SHORT-TERM & LONG-TERM DISABILITY

Premiums paid 100% by PMS.**

TUITION REIMBURSEMENT

Currently available to employees after three months of regular full-time (minimum 30 hours/week) employment prior to starting the course, or for part-time employees, upon completion of 5 years of continuous employment (minimum of 1040 hours/year) prior to starting the course.

PAID TIME OFF

Accrue at rate of:

• 15 days (120 hrs.) during first year
• 16 days (128 hrs.) after 1 year of service
• 17 days (136 hrs.) after 2 yrs.
• 18 days (144 hrs.)/3 yrs.
• 19 days (152 hrs.)/4 yrs.
• 20 days (160 hrs.)/5 yrs.
• 21 days (168 hrs.)/6 yrs.
• 22 days (176 hrs.)/7 yrs.
• 23 days (184 hrs.)/8 yrs.
• 24 days (192 hrs.)/9 yrs.
• 25 days (200 hrs.)/ten or more years of service.

HOLIDAYS

Regular employees are currently eligible to receive 10 paid holidays per year. Pro-rated for regular part-time employees.

PROFIT SHARING

Regular full-time and part-time employees of Particle Measuring Systems may be eligible to participate in the Particle Measuring Systems Profit Sharing Plan if one is authorized for the plan year.